ProShares Ultra Gold ETF rated Sell due to high volatility and underperformance against moving averages.

The ProShares Ultra Gold (UGL) ETF, which aims to deliver twice the daily return of gold, is rated a Sell by analyst Ivan Gaddari. The fund has high volatility at 58%, pays no dividends, and currently trades below its 20-, 50-, and 200-day moving averages, indicating weakness. Gold prices recently fell to a 10-week low influenced by a strong dollar, rising 10-year yields, and a September CPI of 3.7%. Investors should note that UGL is designed for short-term trading due to its daily reset mechanism and carries a 0.95% expense ratio with about $704 million in assets.

As of Oct 16, 2026 12:51 WIB, UGL trades at USD 45.87, just above its 52-week low of USD 42.79 but far below its 52-week high of USD 85.62, showing significant weakness consistent with the article's note on its recent slide. Despite this, Pluang users hold UGL for an average of 25 days and currently show 100% buy order activity, contrasting with the ETF's volatile nature and analyst sell rating.